IOTA (MIOTA) has performed quite well in the last 24 hours. However, after hitting a high of $0.617, it has retraced and is now trading around $0.56 – $0.57, with the 200-day moving average offering strong support. For the last 3 hours, IOTA (MIOTA) has been oscillating above this moving average, an indicator that it could hold, and provide the basis for a long-entry. But, before entering into a buy order for IOTA (MIOTA) it would be best to wait for it to break above $0.585. If there is a break above this level, it would be best to buy into IOTA with a target of $0.69. That’s a major resisastance level in the day charts, where IOTA (MIOTA) could lag in the day.
However, in the course of the day, if IOTA (MIOTA) breaks below the 200-day moving average at $0.563, and extends below the 55-day moving average at $0.559, it would be best to go short with a target of $0.50. That’s the last low it has hit in the last 3 days, and could offer key support in the day. But if volumes decline, then IOTA (MIOTA) could range around $0.56 – $0.58 in the next 24 hours.
Yesterday, Litecoin (LTC) made significant gains in the market, that saw it break above the 100-day moving average resistance level at $52.92. However, in the last 12 hours, Litecoin (LTC) seems to have lost that upside momentum. Though it is still trading above the 100-day moving average, which is now acting as support. For a trader looking to trade in Litecoin (LTC) in the next 24-hours, it is best to watch out for a break on either side of the 100-day moving average at $52.92.
If Litecoin (LTC) breaks to the downside below this level, and extends below the 55-day moving average at $52.49, it would be best to go short, with a target of $47.39. However, if there is a break to the upside above the last high of $55.77, it would be more prudent to go long, with a target of $69.41. That’s a key resistance level on the day chart, one at which, price is likely to lag in the short-term.
Dash had a relatively good day yesterday, and hit a high of $202.57. But today it has rescended and is now trading below the 200-day moving average at $188.05, which is now offering key resistance. For a day trader, this is good signal to go short, but it is best to wait for confirmation. The confirmation will come from a drop below the 55-day moving average at $185.73.
A short entry at this point would be ideal with a target of $172.75. That’s a low point Dash coin has hit and ranged at in the last 3 days. On the other hand, if Dash coin makes gains and retests the day’s high of $200, it would be best to go long with a target of $221. That’s a key resistance point for Dash coin in the day.